Liquor Co. Owner To Make Bid For Mets In Wake Of Wilpon Troubles
In the wake of the arrest of former NASDAQ Chair Bernard Madoff for securities fraud, whom Mets Owner Fred Wilpon entrusted to invest hundreds of millions of dollars, New York-based liquor company Star Industries Owner Martin Silver is "offering to buy the Mets," according to Bill Hutchinson of the N.Y. DAILY NEWS. Silver said that he is "putting together a team of partners to make Wilpon an offer" for the team. Silver said that he has "spoken to potential investors and estimated he could put together an offer of" $600-700M for the Mets (N.Y. DAILY NEWS, 12/16). But Mets GM Omar Minaya said that he spoke with Mets ownership and "received the green light to keep working on the Mets' offseason renovation." Minaya, referring to the Mets and Sterling Equities, Wilpon's investment firm, said, "Based upon what we've been told, they're separate entities. My understanding is the baseball team is totally separate from the other business. I'm expecting to proceed the way we were before" (NEWSDAY, 12/16).
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